Automotive

Tesla Reaffirms Elon Musk's $56 Billion Pay Package Despite Legal Setback

Tesla Shareholder Votes Against Elon Musk’s $55 Billion Pay Package, Says 'Tyrant CEO' Abandons EV Maker for His Other Firms

Billionaire Leo Koguan, the biggest retail shareholder of Tesla, has reportedly voted against reinstating the $55 billion compensation package of Elon Musk.


China's Nio Unveils First Car of New Brand 'Onvo' That'll Be About $4,000 Cheaper Than Tesla's Best-Selling Model Y

China's EV maker Nio has introduced the first vehicle from its new budget brand, Onvo, to compete with Tesla's best-selling Model Y car.

InfluenceMap Ranks Toyota as Worst Car Company in Climate Lobbying

Global climate database thinktank InfluenceMap has ranked Toyota dead last in climate lobbying and third-worst in EV production in its 2024 report.

China Slams New US Tariffs, Vows to Defend Economic Interests Amid Trade Tensions

Biden imposes extensive tariffs on Chinese imports, including semiconductors and EVs, escalating trade tensions. China vows to defend its interests and urges correction.


Latest News

CHINA-AUTO-SHOW
Zeekr's US IPO soars, raising $441M with a 24% share surge. Amid Chinese EV market competition, Zeekr eyes global expansion, delivering 49,148 vehicles in 2024.
VP Kamala Harris Unveils $100 Million Initiative for Detroit's Auto Sector Transition to EVs
Vice President Kamala Harris announced a $100 million funding initiative in Detroit to support small and medium-sized auto manufacturers transitioning to electric vehicle production.
Chevrolet Malibu Discontinued as Part of GM's EV Effort, Killing Last Chevy Sedan
The Chevrolet Malibu will be discontinued, killing the brand's last sedan. It's a part of GM's efforts to embrace EVs.
Hyundai, Kia Unit Allegedly Repossessed Cars From Military Personnel Illegally; Financial Arm To Settle Charges
A Hyundai and Kia unit was accused of illegally repossessing cars from military service members. The financial unit now wants to settle charges.
'Cheap' Chevrolet Malibu to Be Phased Out by GM After 60 Years to Focus on Producing New EVs
General Motors said it will stop producing affordable Chevrolet Malibu cars later this year. The Chevrolet Malibu car is the final cheap sedan in General Motors' vehicle portfolio in the United States.
Elon Musk Wants to Deploy Tesla Robotaxis in China: Reports
During his recent visit to China, Elon Musk reportedly proposed conducting testing of Tesla robotaxis in the country.
NIO Teams Up with GAC Group for Unified Battery Standard, Charging Solutions
NIO partners with GAC Group to establish unified battery standard and advance EV charging solutions, aligning with previous collaborations to pioneer standardized EV technologies
Despite Tesla Supercharger Team's Termination, Elon Musk Says EV Charging Network Will Still Grow
The Department of Justice (DOJ) will investigate Tesla's self-driving claims for potential securities or wire fraud, with allegations of misleading investors and consumers as reports of crashes involving Teslas equipped with Autopilot pile up.
Tesla Fires Supercharger Team, Including Senior Executives, as Elon Musk Says Company Plans to Expand Network in Other Locations
Tesla is sending senior executive Tom Zhu back to China following declining sales in the competitive electric car market. The company hopes to address challenges in the region.
GM Now Luring Tesla Interns Affected by Elon Musk's Layoffs
GM is to the rescue as it tries to lure Tesla interns affected by Elon Musk's layoffs. Here's what a GM spokesperson shared.
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